NEW YORK ( TheStreet) -- Shares of Kandi Technologies Corporation (Nasdaq: KNDI) have taken a tremendous swing upward. The stock is trading at $2.30 as of 9:53 a.m. ET, 25.7% above Friday's closing price of $1.83. Volume is at 270,603, 1.7 times the daily average of 162,300.

Kandi has a market cap of $49.7 million and is part of the consumer goods sector and automotive industry. Shares are down 65.3% year to date as of the close of trading on Friday.

Kandi Technologies Corp., through its subsidiaries, engages in the design, development, manufacture, and commercialization of off-road vehicles, motorcycles, mini-cars, and special automobile related products. The company has a P/E ratio of 10.7, below the average automotive industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kandi as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Kandi Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.